Vigil Locating Systems Corporation
TSX VENTURE : VIG

Vigil Locating Systems Corporation

October 05, 2007 16:56 ET

Vigil Locating Systems Corporation: Notice of Intention of a Proposal

MONTREAL, QUEBEC--(Marketwire - Oct. 5, 2007) - Vigil Locating systems Corporation ("Vigil GPS") (TSX VENTURE:VIG) would like to announce that, its wholly-owned subsidiary Vigil Locating Systems Technologies Inc. will deposit a notice of intention of a proposal to its creditors in virtue of article 50.4 of the Bankruptcy and insolvency Act.

The proposition will not affect the state of Vigil GPS. Vigil Locating Systems Technologies Inc. will close following the acceptance of the proposal

The services of Raymond Chabot inc., trustee, were retained by Vigil Locating Systems Technologies Inc. in order to prepare the proposal to the creditors of Vigil Locating Systems Technologies Inc. at a meeting of the creditors which will be held at a date respecting the specified legal delays.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

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